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Metalpha Technology Holding Ltd. MATH

6 fiscal years on record · USD · FY2024 reported · SEC filings only
$44.6M
▲ 165.9% YoY
$15.8M
$24,681
In brief

What this company does

Our primary business operation centers around digital asset services, which we offer through our subsidiaries. We initiated digital asset services in December 2021 and generate income primarily from the execution of cryptocurrency-related transactions, which includes the provision of derivative solutions to over-the-counter (“OTC”) clients and our proprietary trading activities. In addition, our Hong Kong subsidiary, LSQ Capital Limited, is licensed by SFC to provide securities advising and asset management services in Hong Kong. Since December 2021, we have embarked on our digital asset-focused digital asset business, aiming to provide structured derivative solutions and related services to institutional clients and high-net-worth individuals interested in cryptocurrency exposure. For the fiscal years ended March 31, 2024, 2025 and 2026, the income generated from our digital asset services was $16.8 million, $41.5 million and $37.1 million, respectively. As of March 31, 2026, we had an aggregate of 31 employees, all of which are full-time employees.

Written from the business description in Metalpha Technology Holding Limited's annual report to the U.S. Securities and Exchange Commission, filed 6 August 2026. Every sentence was checked against that document before publication.

Growth
USD 44.6M
Revenue, FY2024 · full 6-year series below
Revenue $M Net income $M
FY2024 · Revenue 44.6 · Net income 15.8
20M40M-8M-16M201920202021202220232024
Compound annual growth
+174.5%
+424.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +424.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
36 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 39.1% · Net 35.7%
-5000%-10000%-15000%201920202021202220232024
ROE
FY2022 · ROE -327.7%
-100%-200%-300%201920202021202220232024

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 0.0
-4M-8M201920202021202220232024

Total assetsUSD 246.8M
CashUSD 6.9M
Gross debtUSD 187,969.00
Net debtUSD -6.7M
Current ratio1.17×

Not available: we don't have the shareholders' equity figure for this period.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202420232022202120202019
Revenue $B0.00.00.00.00.00.0
Operating income $B0.00.0−0.0−0.0−0.0−0.0
EBITDA $B0.00.0−0.0−0.0−0.0−0.0
Income tax $B··0.00.0·0.0
Net income $B0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.0···
EPS, diluted $0.41−0.11−0.76−0.79−0.45−0.12
Dividend / sh $······
Payout %······
ROE %··−327.7−131.5−60.3−17.9

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 69 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code K3
Fiscal year endsnot stated in the filings
Data on record since2019

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